Wheaton Precious Metals Corp. (TSE:WPM) Receives C$134.50 Average Target Price from Brokerages

Shares of Wheaton Precious Metals Corp. (TSE:WPM) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$134.50.

WPM has been the topic of several analyst reports. Peel Hunt lifted their target price on Wheaton Precious Metals from C$149.00 to C$161.00 and gave the company a “buy” rating in a research report on Monday, September 8th. CIBC lifted their target price on Wheaton Precious Metals from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Canaccord Genuity Group raised their price target on Wheaton Precious Metals from C$144.00 to C$172.00 in a report on Thursday, October 2nd. Finally, UBS Group cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th.

Wheaton Precious Metals Stock Performance

TSE WPM opened at C$147.64 on Wednesday. The company has a market capitalization of C$67.02 billion, a PE ratio of 85.05 and a beta of 0.91. The business’s fifty day moving average is C$141.70 and its 200 day moving average is C$126.26. Wheaton Precious Metals has a fifty-two week low of C$79.88 and a fifty-two week high of C$158.88.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.4%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 36.87%.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.